New York S 8863: Authorizes a thirty year retirement benefit for certain members in Nassau county

Bill Text

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S08863 Summary:

BILL NOS08863 

&nbsp

SAME ASSAME AS A09576

&nbsp

SPONSORJACKSON

&nbsp

COSPNSRMATTERA

&nbsp

MLTSPNSR

&nbsp

Amd §§89-g & 604, R & SS L

&nbsp

Authorizes a thirty year retirement benefit for certain members in Nassau county; provides a retirement allowance equal to 60 percent of a member's final average salary.

Go to top S08863 Actions:

BILL NOS08863 

&nbsp

01/12/2026REFERRED TO CIVIL SERVICE AND PENSIONS

02/10/2026REPORTED AND COMMITTED TO FINANCE

Go to topS08863 Committee&nbspVotes:

Go to topS08863 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS08863 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8863

 IN SENATE

 January 12, 2026
 ___________

 Introduced by Sen. JACKSON -- read twice and ordered printed, and when
 printed to be committed to the Committee on Civil Service and Pensions

 AN ACT to amend the retirement and social security law, in relation to
 authorizing a thirty year retirement benefit for certain members in
 Nassau county

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Subdivisions c, g and h of section 89-g of the retirement
 2 and social security law, as added by chapter 653 of the laws of 1988 and
 3 such section as renumbered by chapter 771 of the laws of 1988, are
 4 amended to read as follows:
 5 c. (1) Upon completion of twenty-five years of such service and upon
 6 retirement, each such member shall receive a pension which, together
 7 with an annuity which shall be the actuarial equivalent of [his] such
 8 member's accumulated contributions at the time of [his] such member's
 9 retirement and an additional pension which is the actuarial equivalent
 10 of the reserved-for-increased-take-home-pay to which [he] such member
 11 may then be entitled shall be sufficient to provide [him] such member
 12 with a retirement allowance equal to one-half of [his] such member's
 13 final average salary.
 14 (2) For a member employed by Nassau county with a title of correction
 15 recruit, correction officer, correction corporal, correction sergeant,
 16 correction lieutenant, or correction captain, upon completion of thirty
 17 years of such service and upon retirement, each such member shall
 18 receive a pension which, together with an annuity which shall be the
 19 actuarial equivalent of such member's accumulated contributions at the
 20 time of such member's retirement and an additional pension which is the
 21 actuarial equivalent of the reserved-for-increased-take-home-pay to
 22 which such member may then be entitled shall be sufficient to provide
 23 such member with a retirement allowance equal to sixty percent of such
 24 member's final average salary.
 25 g. A member, contributing on the basis of this section at the time of
 26 retirement, shall retire after the completion of twenty-five years or
 27 thirty years of total creditable service. Application therefor may be

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD09321-05-6

 S. 8863 2

 1 filed in a manner similar to that provided in section seventy of this
 2 article. Upon completion of twenty-five years or thirty years of such
 3 service and upon retirement, each such member shall receive a pension
 4 which, together with an annuity which shall be the actuarial equivalent
 5 of [his] such member's accumulated contributions at the time of [his]
 6 such member's retirement and an additional pension which is the actuari-
 7 al equivalent of the reserve-for-increased-take-home-pay to which [he]
 8 such member may then be entitled shall be sufficient to provide [him]
 9 such member with a retirement allowance equal to one-half of [his] such
 10 member's final average salary for a member retiring after the completion
 11 of twenty-five years of such service, or a retirement allowance equal to
 12 sixty percent of such member's final average salary for a member retir-
 13 ing after the completion of thirty years of such service.
 14 h. In computing the twenty-five years or thirty years of total service
 15 of a member pursuant to this section full credit shall be given and full
 16 allowance shall be made for service of s